Housing Scenario in India and suggested Action Points for the States
Housing Scenario in India and suggested Action Points for the States
Housing Scenario in India and suggested Action Points for the States
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Dem<strong>and</strong> side InterventionsRajiv R<strong>in</strong>n Yojana (RRY)Cont’dRRY will apply to all cities <strong>and</strong> towns.Loan can be availed <strong>for</strong> construction/ purchase of a DU as wellas <strong>for</strong> expansions <strong>and</strong> additions to exist<strong>in</strong>g units.State Governments can dovetail <strong>the</strong>ir State <strong>Hous<strong>in</strong>g</strong> Schemeswith RRY.The annual <strong>in</strong>terest subsidy disbursed through <strong>the</strong> 2 CentralNodal Agencies (CNAs) viz., NHB <strong>and</strong> HUDCO.Subsidy will be passed on by <strong>the</strong> lender to <strong>the</strong> borrower <strong>in</strong> <strong>the</strong><strong>for</strong>m of reduced EMIs.To <strong>in</strong>centivize <strong>the</strong> facilitators - Rs. 100/- <strong>for</strong> every sanctionedapplication is proposed.To compensate <strong>the</strong> PLIs <strong>for</strong> <strong>the</strong> costs - a onetime compensationof Rs. 500/- per sanctioned loan under <strong>the</strong> scheme isproposed.10
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